We are all reborn, who wants to be the richest man?

Chapter 780 The Rise of the Chaebol

Lee Kun-hee's drinking party was over, but the invited guests did not go home. Instead, they rushed to Luo Nianzhong's hotel.

Of course, Le Tian is not included here. He would like to come, but unfortunately people look down on him.

The modern Zheng family is the most satisfied, and his loyalty to his master has won praise from Luo Nianzhong.

“Seoul Construction has had a lot of overseas projects recently, but the Incheon Airport project cannot be delayed.

Hyundai is the leading construction company in South Korea, and I don’t know if it is willing to take over this project.”

With the development of South Korea's economy, the old and dilapidated Seoul Airport is no longer suitable for reuse, and the proposal for a new international airport has been put on the table.

In 1990, the new site of the international airport was determined, which was Yeongjong Island in Incheon, which later became Incheon International Airport.

Now, everything about Incheon Airport, including the preliminary planning blueprint, construction plan and planning scope, has been determined.

According to the plan, Incheon International Airport will enter the construction stage this year, which is the ground construction of the aerospace building and airport runway.

Even Choi Jong-hyun would be envious of the fact that this big project was handed over to the Zheng family at this time.

This is a huge project, the largest single project since the founding of the People's Republic of China.

Incheon International Airport will invest 7.8 trillion won, which is 1300 billion US dollars based on the current exchange rate of 60 won to one dollar.

Needless to say, given the generosity of tycoon Luo Nianzhong, Zhang Shanhui's Seoul construction will not be wasted and will only deduct the initial investment costs.

All the dirty and tiring work in the early stages has been done, so we can just start the construction directly. Hyundai can make at least $500 million in profit from this project, and this may be a conservative estimate.

Look at the Zheng family, their mouths are about to split to the back of their heads, but the Cui family and the Gu family can do nothing, they are now criminals.

“I understand you, debts must be repaid, and the same goes for favors.

This is good, at least you won’t be bound in the future.”

After saying a few words of comfort and sending everyone away, Jang Sun-hye and Lee Mi-hee came out.

Outside, Jang Sun-hye is a strong-willed business woman, and Lee Mi-hee is a top boss in the prosecutorial system.

But at home, when Luo Nianzhong was around, they acted like women who did not sit in the court.

"I still don't understand why you still want Samsung to be your vassal, but you ignore other chaebols that come to you."

“The end of economics is political economy”.

Luo Nianzhong's laughter made Zhang Shanhui, who was sitting down, frown, but Li Meiji didn't care about that and sat greedily in Luo Nianzhong's arms.

"You mean, the positions of the chaebols and the government will be swapped?"

“Ha, things have changed since the beginning of democracy”.

In 1987, Chun Doo-hwan was forced to implement democracy under pressure, and Choi Jong-hyun's relative Su Tae-woo came to power.

At that time, the whole world was promoting democratization and liberalization, and South Korea also followed this trend.

Maybe South Koreans were frightened by the previous warlord dictatorship, so this constitution stipulates that the term of office of each president is five years and he is not allowed to be re-elected.

Things were better during Su Tae-woo's time, as he was strictly a warlord, and the chaebols were still afraid. But things are a little different after the current top leader Kim Young-sam came to power.

In the past, South Korea’s economy was a combination of government and business, with the chaebols paying tribute to the upper echelons, and the upper echelons providing policies.

But now, the grassroots of South Korea has begun to be corroded, spreading little by little to every corner of the country, and finally turning into a country where chaebols rule.

The term is five years and no re-election is allowed.

In other words, no matter whether this big boss has the ability or does a good job, he will be replaced before he can even get comfortable in the job in the next five years.

This will indeed prevent dictatorship, but the big bosses are constantly changing, so who remains the same? The chaebol.

In the past, the chaebols were suppressed by someone, but it is different now. The upper echelons change every five years, so a strong government cannot be formed.

I'm not afraid of the chaebols. At worst, I can endure it for five years, and after five years, I can be a hero again.

The officials below are not fools, and they all understand how to fight at this time.

Because the chaebols have the votes, everyone knows how to divide the meals clearly.

The final result is that even the big boss has to go along with the corrupt officials, because it is difficult for him to take over the Blue House without the support of the chaebols.

The entire election process relies on the chaebols. Who in power dares to confront the chaebols?

This is why there is the Blue House curse, because if you have no value, those officials who are dependent on the chaebol will dare to investigate you.

“That is to say, the tentacles of the chaebols will reach every corner of South Korea in the future.

Not only the economy, but also the control over policies and the judiciary will become stronger and stronger. Wouldn’t the Blue House become a puppet?”

Zhang Shanhui widened her eyes and expressed shock at the result.

“Do you know what the turnover rate of chaebols in South Korea was every ten years before 1985?”

Zhang Shanhui shook her head. She had never paid attention to the news and would never think of investigating it.

But the Luo family is different. The higher they stand, the farther they can see. Now the Luo family is not looking at the economy of a certain enterprise, but the overall layout of each region.

"Before 1985, the replacement rate of the top 68 companies in South Korea was an astonishing % on a ten-year basis."

When Zhang Shanhui and Luo Nianzhong saw the data from the Far East Survey for the first time, they were all surprised.

This means that over a ten-year period, 68 of the top companies in South Korea are replaced every ten years.

In other words, whoever the government supports will rise, while those companies that were already rising but did not receive new support will simply explode on the spot.

This also shows that these companies are not competitive and their management is not good.

"But do you know what the replacement rate of South Korean chaebols has been in the past decade? It has dropped to 31%.

Of the top 31 companies in South Korea ten years ago, only have been replaced and kicked off the list.

This situation will continue to decline year by year until a stable upper class is formed. Without major changes, it will be difficult for anyone to enter this class."

"So if you want to attack one faction and pull the other, then why Samsung? Why not Daewoo or Lotte?"

Zhang Huihui still didn’t understand why it was Samsung.

“I am not optimistic about Daewoo’s model because its debt ratio is too high.

As for Lotte, this is actually the reason why I chose Samsung, that is, the industry is relatively diversified."

Speaking of this, Luo Nianzhong was quite domineering.

“In fact, for me, there is no company in South Korea that is irreplaceable.

Whether it is the Far East system or the industries supported by the Far East, alternatives can be found.

But what I want are votes and influence. Lotte alone and Samsung, which has fully penetrated the lives of South Korean residents, are not a heavyweight in my eyes."

Chaebols, votes, influence, Zhang Shanhui understood.

There will inevitably be a war between the Luo family and the United States, or to be more precise, between the Anglo-Saxons.

What did the Anglo-Saxons control? They controlled the military.

Therefore, on the battlefield in South Korea, the Luo family must control the economy and use culture to control military power.

“But your calculations have failed. The Li family has not yielded, and they will get a large loan from the National Bank.

As long as there is money, Samsung’s financial difficulties can be easily resolved.

Because Samsung not only has panels, but also home appliances and many other industries.

As long as some funds are injected into these industries, they can be revitalized instantly and become Samsung's cash cows again."

"Really? Then just don't let him get the funds."

Luo Nianzhong didn't mind Lee Kun-hee's plan at all.

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